Alchemyst AI, an emerging player in the genAI software as a service (SaaS) sector, raised US$300k in a pre-seed funding round led by Inflection Point Ventures.

The funds will improve its GPU infrastructure, support team development, and scale operations.

Founded in 2023 by Uttaran Nayak and Anuran Roy, Alchemyst AI is developing autonomous, human-like digital employees to enhance operational efficiency in mid-sized and large enterprises.

The Generative AI market is currently valued at US$3 billion in India and US$37 billion globally, with projections suggesting it could reach US$330 billion by 2030.

Alchemyst AI plans to target major global markets, including India, the USA, the Middle East, North Africa, and Southeast Asia.